Epic Fail: Universal Basic Income (UBI) Is A Waste Of Money
The Technocrat push for UBI is mainly to address the displacement of workers due to the technology created by those same Technocrats. Economically speaking, it is a crackpot idea, but now an exhaustive study has been done by looking at all the failed experiments. Important conclusions include:Making cash payments to individuals to increase their purchasing power in a free-market economy is not a viable route to solving problems caused or exacerbated by neoliberal market economics.
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